Kamarudin Meranun and Tony Fernandes, founders of the AirAsia Group, will kick off the 2013 IPO spree in Southeast Asia by listing at least three of their companies, AirAsia X, AirAsia Indonesia and a subsidiary of Tune Group.

AirAsia Indonesia will most likely be listed in the third quarter of 2013 in Jakarta in a deal that could raise up to $200 million, following Thai AirAsia’s listing in Bangkok in March 2012.

The listing plans come at a time when Tony Fernandes is stepping down as the chief executive of the Malaysian-listed AirAsia Group to focus on regional growth through Indonesia.

The Indonesian arm of the airline has carried 5.35 million passengers for the year to date and it expects to reach 6 million passengers by the end of 2012, making it the strongest foreign airline in Indonesia.

AirAsia’s long-haul arm, AirAsia X, recently hired CIMB, Maybank and Credit Suisse Group for a $250 million IPO expected early 2013. The prospectus is already out and shows that the IPO planned for Malaysia will offer up to approximately 790 million shares. The vast majority, 686 million, will be available to institutional shareholders while 104 million will be available to retail shareholders. Foreign ownership is limited to 45 per cent. All of the major shareholders will see their ownership decrease but Tony Fernandes, via his holding Aero Ventures and AirAsia, will remain the single largest shareholder.

The airline IPOs aim to fund the ambitious enhancement of AirAsia’s network. Fernandes has launched a record order for up to 100 Airbus jets in 2011, potentially worth around $9 billion, to fuel the growth of his expanding airline cluster.

Tune Group, a financial services-to-discount hotel conglomerate owned by Fernandes and Kamarudin, is also expected to launch a $65 million IPO of its insurance arm, Tune Insurance, not later than the first quarter of 2013, looking at a market capitalisation of $260 million, according to a Reuters report.

Kamarudin Meranun and Tony Fernandes, founders of the AirAsia Group, will kick off the 2013 IPO spree in Southeast Asia by listing at least three of their companies, AirAsia X, AirAsia Indonesia and a subsidiary of Tune Group.

AirAsia Indonesia will most likely be listed in the third quarter of 2013 in Jakarta in a deal that could raise up to $200 million, following Thai AirAsia’s listing in Bangkok in March 2012.

The listing plans come at a time when Tony Fernandes is stepping down as the chief executive of the Malaysian-listed AirAsia Group to focus on regional growth through Indonesia.

The Indonesian arm of the airline has carried 5.35 million passengers for the year to date and it expects to reach 6 million passengers by the end of 2012, making it the strongest foreign airline in Indonesia.

AirAsia’s long-haul arm, AirAsia X, recently hired CIMB, Maybank and Credit Suisse Group for a $250 million IPO expected early 2013. The prospectus is already out and shows that the IPO planned for Malaysia will offer up to approximately 790 million shares. The vast majority, 686 million, will be available to institutional shareholders while 104 million will be available to retail shareholders. Foreign ownership is limited to 45 per cent. All of the major shareholders will see their ownership decrease but Tony Fernandes, via his holding Aero Ventures and AirAsia, will remain the single largest shareholder.

The airline IPOs aim to fund the ambitious enhancement of AirAsia’s network. Fernandes has launched a record order for up to 100 Airbus jets in 2011, potentially worth around $9 billion, to fuel the growth of his expanding airline cluster.

Tune Group, a financial services-to-discount hotel conglomerate owned by Fernandes and Kamarudin, is also expected to launch a $65 million IPO of its insurance arm, Tune Insurance, not later than the first quarter of 2013, looking at a market capitalisation of $260 million, according to a Reuters report.